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S&P 500 Index Newsroom
Morgan Stanley's Slimmon Expects Strong Earnings Season
Andrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, says good fundamentals are driving the stock market on "Bloomberg The Close."
BlackRock's Chaudhuri Expects Two Rate Cuts This Year
Gargi Chaudhuri, BlackRock chief investment strategist for the Americas, expects the Federal Reserve to cut rates twice this year, once in September and then likely in December. She is on "Bloomberg The Close."
Apple has risen significantly, but Berkshire Hathaway has stagnated.
Apple's stock price hit a new high, surpassing Microsoft and Nvidia, becoming the company with the largest market cap in the world. However, Berkshire Hathaway, which holds a heavy position in Apple, has a cumulative increase of about 12.59% this year, still underperforming the S&P 500 index over the same period.
S&P 500, Nasdaq Build On Record Highs As Powell Testimony Keeps Rate Cut Hopes Alive
The S&P 500 and Nasdaq nabbed new record closes on Tuesday (and also each notched their sixth straight day of gains) as rate cut hopes remained intact after Federal Reserve chair Jerome Powell kicked off his semiannual update to Congress. The S&P 500 (^GSPC) finished just above the flatline to book its 36th record close [...]
7/10 [Strengths and Weaknesses]
[Bullish and Bearish Materials] The Nikkei Average is rising (41580.17, +799.47), and the Nasdaq Composite Index is rising (18429.29, +25.55). The dollar exchange rate is 161.20-30 yen. There are expectations for inflation stabilization in the United States and a request for improved corporate value from the Tokyo Stock Exchange. Bearish materials include the Dow Jones Industrial Average falling (39291.97, -52.82), Chicago Nikkei futures declining (41515, compared to Osaka: -105), the SOX index decreasing (5765.20, -0.01), and the VIX index rising (12).
Yellen and Powell agree: the US labor market is weakening the push for inflation, and inflation pressures may continue to ease.
The current labor market is no longer the primary factor driving inflation in the US economy, as it was in the early stages of the pandemic recovery.
Made billions of dollars in profit in the second quarter! The bear market stays steady with no hindrance to the rise of US stocks.
According to the Zhitong Finance APP, in the second quarter of this year, bearish investors in the US stock market made significant profits. Despite the overall market continuing to rise, they successfully shorted some US symbols.
Powell Pushes Back on Rate Cut Bets
The Fed Chair shook things up a bit in his Tuesday testimony after pushing back on rate cut timing and warning against premature easing. This all but takes July rate cut prospects off the table, with September now seen as the earliest date for the next rate cut.
Stock Futures Are Little Changed After S&P 500 Notches Another Record Close: Live Updates
The S&P 500 and Nasdaq Composite closed at fresh records Tuesday.
S&P 500 Holds Gains as Fed Bets Steady on Powell
Stocks closed at all-time highs, with Jerome Powell’s remarks to Congress doing little to alter bets the Federal Reserve will be able to cut interest rates this year.
Be vigilant! The "Buffett Indicator" is sounding the alarm: US stocks are just too expensive.
The Buffett indicator is issuing a warning to investors.
Overnight US stocks | The S&P 500 index has hit a new high closing record for the 35th time this year, with Tesla (TSLA.US) up for 10 consecutive days.
As of the close, the Dow Jones Industrial Average fell 52.82 points, down 0.13%, to 39,291.97. The Nasdaq rose 25.55 points, up 0.14%, to 18,429.29. The S&P 500 index rose 4.13 points, up 0.07%, to 5,576.98.
Powell Keeps Options Open on Rate-Cut Timing
Federal Reserve Chair Jerome Powell suggested the central bank was focusing greater attention on when to cut interest rates now that inflation has resumed a decline and the labor
S&P 500, Nasdaq Post New Record Highs Thanks to Fed Powell's Caution on Keeping Rates High | Wall Street Today
The S&P 500 and Nasdaq reached new record highs on Tuesday after Federal Reserve Chair Jerome Powell warned about the risks of keeping interest rates high for too long.
S&P 500, Nasdaq Climbs Soften But Still Finish at Records After Lack of Rate Cut Clarity
As a general recap, the Nasdaq and S&P 500 indexes hit a fresh all-time high Tuesday after open, while investors watched Federal Reserve President Jerome Powell make remarks in front of a Senate
Famed Investor Bill Ackman Is Behind the Market. Now He's Launching the Biggest Closed-End Fund Ever. -- Barrons.com
Andrew Bary Investor Bill Ackman is trailing the S&P 500 this year by about 10 percentage points as he readies the sale of a new closed-end equity fund -- Pershing Square USA -- that could total $25
Forex Today: Focus Remains on Powell and Fedspeak
The Greenback maintained its constructive start to the week and lifted the USD Index (DXY) further north of 105.00 as investors digested Powell’s prudent first testimony and maintained their attention on upcoming Fedspeak and key US data.
Dow Jones Industrial Average Recovers After Tuesday's Post-Fed Slump
The Dow Jones Industrial Average (DJIA) tumbled in early Tuesday trading after Federal Reserve (Fed) Chairman Jerome Powell delivered less-dovish-than-expected talking points while testifying on the Fed’s semiannual Monetary Policy Report in the first of two appearances in as many days.
US Dollar Mildly Strengthens Following Powell's Congressional Testimony
The US Dollar staged a minor comeback and the DXY rose to 105.20, courtesy of Federal Reserve (Fed) Chairman Jerome Powell's recent congressional comments, which shied away from embracing rate cuts in the immediate future, advocating for patience instead.
Powell Speech: Job Creation Is Narrowing in the Economy
Jerome Powell, Chairman of the US Federal Reserve (Fed), delivers the Semi-Annual Monetary Policy Report and responds to questions before the Senate Banking Committee on the first day of his Congressional testimony.